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Plot Thickens in SEC Case of a $35 Billion Company No One Knows

  • Neuromama says adviser Vladislav Zubkis steps away from firm
  • Zubkis cites concerns tied to short sellers, daughter’s murder

A key figure is stepping away from Neuromama Ltd., the obscure search engine firm whose market value surged to $35 billion on little trading volume before U.S. regulators halted its shares.

The departure of Vladislav Zubkis, listed as the chairman of Neuromama’s advisory board, is the latest twist for a firm that recently relocated to a Mexican beach town from Russia and likens itself to Google and Yahoo. Zubkis, who also goes by Steven Schwartzbard, is taking an open-ended leave of absence, the company said in a filing this week with Securities and Exchange Commission.